These cards are like normal debit/credit cards but hold no information of the user’s bank details and would destroy as soon as transaction is completed.

How it’s secure?

The virtual card would be issued for a limited period and a particular amount. Its basically a VISA card which can be upgraded to MasterCard when required. The card can be issued for a minimum of 100 INR and a maximum amount of Rs 50,000. Once the transaction is done, it can’t be used anymore. And if its rendered unsued for 48 hours, it’ll destroy by itself.

It’s a safer option as users don’t need to expose their netbanking password or debit/credit card details to the merchant site. Exposing bank information to shopping website can be potentially dangerous if taken into wrong use.

How it works?

This virtual card can be used anywhere just like normal debit/credit (plastic) cards. It has a card number, expiry date and CVV number etched on it.

Card creation and transaction are authorized only after user enters a 8 digit OTP (one time password).

Domestic use only

The only lacking point of the service is that its limited to use in India, Nepal and Bhutan, which means it can only be used domestically and not for international transaction purposes.

Free of cost

No additional amount is charged for the issuance of these virtual cards. There is no limit on the number of e-cards issued to a user.

No interest is charged on the issued virtual electronic card. If a virtual card of Rs 2000 is issued, only 2000 INR would be debited off user’s account.